SG Americas Securities LLC Grows Stock Holdings in Tronox Holdings PLC (NYSE:TROX)

SG Americas Securities LLC increased its position in Tronox Holdings PLC (NYSE:TROX) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,677 shares of the company’s stock after buying an additional 2,482 shares during the period. SG Americas Securities LLC’s holdings in Tronox were worth $300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TROX. Deutsche Bank AG boosted its stake in shares of Tronox by 52.8% in the fourth quarter. Deutsche Bank AG now owns 101,764 shares of the company’s stock worth $1,025,000 after acquiring an additional 35,146 shares during the period. Sei Investments Co. lifted its holdings in Tronox by 39.9% in the 4th quarter. Sei Investments Co. now owns 284,353 shares of the company’s stock worth $2,863,000 after purchasing an additional 81,078 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Tronox in the 4th quarter worth approximately $701,000. Bank of New York Mellon Corp boosted its stake in Tronox by 26.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock worth $26,486,000 after purchasing an additional 551,645 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Tronox during the 4th quarter valued at approximately $254,000. 73.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TROX. The Goldman Sachs Group lowered their target price on shares of Tronox from $11.50 to $7.50 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Truist Financial decreased their price target on shares of Tronox from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Barclays cut their price objective on Tronox from $13.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, May 28th. Mizuho reduced their target price on Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, UBS Group dropped their price target on Tronox from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Tronox presently has an average rating of “Hold” and a consensus target price of $8.13.

Insider Activity

In other Tronox news, SVP Jeffrey N. Neuman acquired 10,266 shares of the business’s stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $4.89 per share, with a total value of $50,200.74. Following the transaction, the senior vice president now directly owns 10,266 shares of the company’s stock, valued at $50,200.74. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

Tronox Stock Up 4.3%

Shares of NYSE:TROX opened at $5.65 on Friday. The company has a market cap of $894.51 million, a price-to-earnings ratio of -5.94 and a beta of 1.42. Tronox Holdings PLC has a 12 month low of $4.35 and a 12 month high of $17.45. The company has a current ratio of 2.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.61. The company has a 50-day moving average price of $5.43 and a 200 day moving average price of $7.40.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). The company had revenue of $738.00 million for the quarter, compared to analysts’ expectations of $745.96 million. Tronox had a negative net margin of 4.94% and a negative return on equity of 1.57%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. As a group, equities research analysts predict that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date is Monday, May 19th. Tronox’s dividend payout ratio (DPR) is -52.63%.

About Tronox

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.